Ngai Tahu takes bite of apple producer 05 Mar 2021 15:15 PM
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Ngāi Tahu Holdings has taken a 6 percent bite of minature apple producer Rockit Global Limited.
Ngāi Tahu Holdings chief executive Mike Pohio says the investment will give Rockit more capacity for future orchard developments, diversifying and increasing the growth profile of the tribe’s portfolio.
Rockit chair John Loughlin says Ngāi Tahu Holdings expressed an interest in Rockit early on in the latest capital raising process, recognising there was alignment with its strategic goals.
The process began in late 2020 and took place over three stages, beginning with offers to growers and existing investors. Both offers were oversubscribed.
Ngāi Tahu buys into Hawke s Bay apple business Rockit Global nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Super fund invests $100m with Pioneer Capital
3 Feb, 2021 04:23 AM
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Apple grower Rockit Global has benefited from investment from Pioneer Capital. Photo / Warren Buckland
Fast-growing Kiwi businesses with plans to expand internationally are set to benefit from another investment allocation from the New Zealand Superannuation Fund.
The $53 billion fund, which was set up to help cover the future cost of paying for New Zealand Superannuation, has allocated up to $100 million to investment manager Pioneer Capital.
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Pioneer, an Auckland based firm, will use the money to invest in New Zealand businesses seeking international growth in high-margin sectors.
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